Letter of authority

This query is : Resolved 

21 February 2012 LOA has to be made on how much Rs. stamp paper.

21 February 2012
As per Article 48(c) of Schedule I of the Indian Stamp Act, 1899 it should be on Stamp Paper of Rs. 300.
.
For more details please visit-
http://law.incometaxindia.gov.in/dittaxmann/incometaxacts/2008itact/sec_288.htm

and

http://www.legalpundits.com/Content_folder/punjabstasch250909.pdf

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22 February 2012 Normally it is on 100 Rs. Stamp paper




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